The expanded buyback program aims to push STRC shares toward their $100 par value, which would allow Strategy to resume selling new preferred shares to fund larger Bitcoin acquisitions. The shares reached $99.9 recently but faded to $97.72 after MSCI finalized rules to remove MSTR from its indices. Strategy has not sold any new STRC shares since May and has spent $1.6 billion on buybacks since late July to support the price of the security.
Tuesday, October 20, 2026
Story
Strategy Raises STRC Buyback to $3B to Restore Bitcoin Funding
US Markets2 days ago
The board of Strategy increased its authorization to buy back digital credit securities to $3 billion from $2 billion, according to an Oct. 19 SEC filing. The firm spent $193.1 million to repurchase 1.94 million shares of its STRC preferred stock between Oct. 12 and 18, leaving $1.16 billion in available buyback capacity. During the same period, Strategy acquired 267 BTC for $22.1 million, funded primarily by the sale of 140,872 MSTR common shares. This latest purchase brings the company's total holdings to 848,517 BTC, acquired for a total of $64.02 billion with $5.3 billion in USD assets as of Oct. 18.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.